Are states really as broke as they let on?

Has anyone else ever read up on state CAFR's? You might find this to be a pretty interesting website. Look up your state's CAFR's in the links provided inside and see where they stack up financially versus what you hear daily from your "representatives." These numbers can be verified as they are public record. Most people miss out on these because I guess they think it's boring.

Look up your state's CAFR's in the links provided inside and see where they stack up financially versus what you hear daily from your "representatives."

Click to expand...

Texas routinely runs in the black - the state has a "rainy day fund" of ~$9 Billion.
Pay As You Go is state constitutional law in Texas; So is - No more than 1% of the state budget may be spent on welfare.

Which is why tax and Spend liberals don't understand how any right thinking person would want to move to Texas, after all Texas has 8.25% sales tax, compared to just 7.5% sales tax in New York.
But Texas has no State Income Tax, that's what attracts working people.
Less welfare keeps the bums out, that's what attracts that sort to New York.

Oddly, the surpluses reported for Texas and New York are roughly equivalent in the $50 to $55 billion range, but a significant difference is seen in that ~$37 billion of the Texas surplus consists of money in School/university funds which cannot be legally touched by the state, while in NY the money is spread around in dozens of places, few of which look to be school related.

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